APRA is meeting with the Treasurer is what they are calling discussions about implementation of the RI recommendations. What they are actually doing is implementing lower lending standards again by allowing banks to lend more to each lender. They are not implementing the recommendations but are weakening the lending standards again. Crazy stuff and then they are going to give first home buyers 15% of their deposit and lowering interest rates again. All the stuff that caused the bubble in the first place and not any type of remedy. The remedy would be to raise wages but the govt is dead set against wage rises and will continue to suppress wages at every turn instead offering some kind of money back at the end of the next financial year. Crazy crap to try and re-inflate the housing bubble.
